Kinder Morgan (NYSE:KMI) Reaches New 12-Month High - Time to Buy?

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The company traded as high as $29.58 and last traded at $29.43, with a volume of 12100402 shares traded. The stock had previously closed at $29.12.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Bank of America assumed coverage on Kinder Morgan in a research report on Thursday, October 17th. They issued a "buy" rating and a $27.00 price objective on the stock. The Goldman Sachs Group boosted their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. UBS Group raised their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Royal Bank of Canada boosted their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a "sector perform" rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a research note on Friday, October 18th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $27.00.

Kinder Morgan Trading Up 1.9 %

The stock has a market cap of $66.67 billion, a PE ratio of 26.32, a P/E/G ratio of 3.71 and a beta of 0.94. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The firm has a 50-day simple moving average of $27.54 and a 200-day simple moving average of $23.95.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm's revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS. Equities analysts forecast that Kinder Morgan, Inc. will post 1.17 earnings per share for the current year.

Insider Transactions at Kinder Morgan

In other news, Director Amy W. Chronis purchased 2,241 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the acquisition, the director now owns 23,995 shares in the company, valued at $597,235.55. This trade represents a 10.30 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the sale, the president now owns 897,652 shares in the company, valued at $23,590,294.56. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 745,263 shares of company stock valued at $18,578,014. 12.64% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kinder Morgan

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Duquesne Family Office LLC raised its position in shares of Kinder Morgan by 74.0% during the 2nd quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company's stock valued at $134,185,000 after buying an additional 2,872,665 shares in the last quarter. Barclays PLC increased its stake in Kinder Morgan by 39.9% in the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock valued at $180,833,000 after acquiring an additional 2,334,273 shares during the last quarter. National Bank of Canada FI raised its position in Kinder Morgan by 295.5% during the third quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company's stock valued at $64,879,000 after purchasing an additional 2,194,489 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Kinder Morgan by 1,849.7% during the third quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company's stock worth $47,817,000 after purchasing an additional 2,053,612 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Kinder Morgan by 20.6% in the 2nd quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company's stock worth $154,409,000 after purchasing an additional 1,328,082 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.